Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of October is temporarily Stable

Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of October is temporarily Stable

1、 This week's review

【In terms of price】

This week, the price of bearing steel has remained stable, with an absolute GCr15 price index of 4867 yuan/ton as of today.

【Overview of Major Markets】

The price of bearing steel in Liaocheng market is weak and fluctuating. At present, the market has sufficient spot resources, and steel mills such as Juneng, Handan Iron and Steel, and Ausen have stable arrivals. Traders' inventories are generally maintained at around 1000 tons, and the supply side remains stable. At present, traders tend to be cautious and generally adopt a strategy of replenishing inventory as needed to reduce risks. The prices of high-end products or specific specifications of bearing steel remain relatively firm, while some ordinary specifications are under certain sales pressure. Overall, it is expected that the price of bearing steel in Liaocheng market will remain stable next week. As of press time, Jiyuan Steel's GCr15 Φ 30-75 is quoted at 4000 yuan/ton, and Juneng Special Steel's GCr15 Φ 16-90 is quoted at 3740 yuan/ton.

The market price of bearing steel in Hangzhou shows a stable to weak pattern. In terms of spot inventory, mainstream resources such as Zhongtian and Nangang have sufficient supply, and most traders' inventory remains stable at the level of thousands of tons. At present, the lack of downstream terminal consumption power and sluggish purchasing willingness are the core factors restricting price rebound. The overall mentality of traders tends to be cautious, and some merchants have implemented small concession measures for some specifications of resources to accelerate transactions and alleviate inventory pressure. Overall, it is expected that the price of bearing steel in Hangzhou will remain stable in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 quotation is 4000 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 quotation is 4700 yuan/ton.

The mainstream price of bearing steel in the Wuxi market is relatively stable, with some resources experiencing slight fluctuations. The main steel plant resources in the local market, such as Zhongtian, Nangang, Benxi Iron and Steel, Yonggang, etc., have stable supply, and the inventory of traders is generally maintained at about 800 tons. Downstream demand is average, and terminal enterprises have a conservative attitude towards procurement, generally continuing to adopt an on-demand procurement strategy, resulting in a significant lack of market support. The terminal generally maintains the "small order on-demand" mode, and some resources have experienced a significant decline in prices due to inventory pressure. Overall, in the absence of substantial improvement in demand, the price of bearing steel in the Wuxi market may continue to be weak in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 quotation is 4000 yuan/ton, and Xingcheng Special Steel's GCr15 Φ 31-90 quotation is 5560 yuan/ton.

The price of bearing steel in Dalian market is mainly stable. The main steel mills in the Dalian market, including Benxi Iron and Steel, Dongte, and Jianlong Beiman, have sufficient overall supply, and the inventory scale of large-scale traders is maintained at around 1500 tons. The current weak downstream terminal consumption and weak purchasing willingness constitute the key suppressing factors for price rebound. Local terminal enterprises continue to adopt on-demand procurement strategies, and the overall supply and demand relationship is basically balanced. To promote shipment, spot prices generally fluctuate with market conditions. Overall, it is expected that downstream demand will remain stable in the short term, and the price of bearing steel in the Dalian market may maintain a weak and stable trend. The current quotation for Bengang Special Steel GCr15 Φ 81-130 is 4090 yuan/ton, Dongte Stock GCr15 Φ 86-180 is 4090 yuan/ton, and Jianlong Beiman GCr15 Φ 30-75 is 4190 yuan/ton.

The price of bearing steel in Luoyang market is running weakly and steadily. Recently, the local market has had sufficient supply of Jiyuan Steel and Daye Special Steel resources, and the inventory of traders remains around 500 tons. This week, spot prices have fluctuated downward with the mainstream trend, and weak demand has had a significant suppressive effect on market prices. Traders' quotes have slightly loosened, but the actual trading atmosphere is still relatively light. It is expected that the price of bearing steel will maintain a weak stable pattern in the short term. As of press time, Jiyuan Iron and Steel GCr15 Φ 6.5-23 is currently reported at 4300 yuan/ton, Daye Special Steel GCr15 Φ 20-40 is currently reported at 4680 yuan/ton, and Hegang Stone Steel GCr15 Φ 131-180 is currently reported at 4200 yuan/ton.

【Regarding steel mills】

From October 24th to October 31st, no steel mills have released price adjustment information for this period. We should continue to pay attention to the impact of consumer demand and steel mill maintenance next week.

2、 Next week's outlook

This week, the national bearing steel market prices have been running weakly. According to Mysteel's research, it is expected that two steel mills will plan maintenance in November, which will affect production of about 7000 tons. If the profits of steel mills continue to narrow, some companies may adjust their production plans, and the contraction of the supply side may bring a temporary rebound, but there is no improvement support on the demand side, and the rebound space is expected to be limited. Overall, it is expected that the price of bearing steel will remain stable next week.